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America’s central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making committee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again--and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the future.
The reason After a
A. took advantage of rate-cuts policy as an insurance policy.
B. is fairly conservative in raising short-term interest rates.
C. tried to stop consumer prices from free falling but in vain.
D. place monetary policy-making in the hands of Walk Streeters.
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America’s central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making committee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again--and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the future.
The reason After a
A. everybody saw consumer prices rise again.
B. signs of robust economic recovery multiplied.
C. investors reaped rewards in futures markets.
D. it wanted to stay away from risks involved.
Text 1
AMERICA’S central bank sent a clear message this week. For the second consecutive meeting, the Federal Open Market Committee, the central bank’s policy-making commit tee, left short-term interest rates unchanged at 1.75%. But it said that the risks facing the economy had shifted from economic weakness to a balance between weakness and excessive growth. This shift surprised no one. But it has convinced many people that interest rates are set to rise again -- and soon.
Judging by prices in futures markets, investors are betting that short-term interest rates could start rising as early as May, and will be 1.25 percentage points higher by the end of the year. That may be excessive. Economists at Goldman Sachs, who long argued that the central bank would do nothing this year, now expect short-term rates to go up only 0.75% this year, starting in June. But virtually everyone reckons some Fed tightening is in the future.
The reason Afte
A. refute the notion that short-term rates will go up dramatically.
B. justify the optimism of Wall Streeters towards economic recoveries.
C. elaborate on the uncertainties of Fed's policy-making strategies.
D. illustrate the balance between weakness and excessive growth.
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